GGOV vs. IBGL
GGOV (iShares Global Government Bond USD Hedged Active ETF) and IBGL (iShares iBonds Dec 2055 Term Treasury ETF) are both exchange-traded funds - GGOV is a Global Bonds fund actively managed by iShares, while IBGL is a Government Bonds fund tracking the ICE 2055 Maturity US Treasury Index. GGOV is actively managed, while IBGL is passively managed. Over the past year, GGOV returned -0.54% vs -2.31% for IBGL. Their 0.61 correlation means they have sometimes moved together and sometimes differently. GGOV charges 0.39%/yr vs 0.07%/yr for IBGL.
Performance
GGOV vs. IBGL - Performance Comparison
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Returns By Period
In the year-to-date period, GGOV achieves a 2.49% return, which is significantly higher than IBGL's -3.42% return.
GGOV
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 2.93%
- YTD
- 2.49%
- 1Y
- -0.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.35%
IBGL
- 1D
- -0.74%
- 1M
- -3.84%
- 6M
- -3.41%
- YTD
- -3.42%
- 1Y
- -2.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $61.82M | $62.54M | $76.81M | |
| $19.50K | $17.67K | $15.64K |
GGOV vs. IBGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.49% | -2.80% |
IBGL iShares iBonds Dec 2055 Term Treasury ETF | -3.42% | 2.09% |
Correlation
The correlation between GGOV and IBGL is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.61 |
The correlation between GGOV and IBGL has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
GGOV vs. IBGL — Risk / Return Rank
GGOV
IBGL
GGOV vs. IBGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond USD Hedged Active ETF (GGOV) and iShares iBonds Dec 2055 Term Treasury ETF (IBGL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GGOV | IBGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | -0.14 | +0.16 |
| Martin ratioReturn relative to average drawdown | 0.03 | -0.32 | +0.34 |
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Drawdowns
GGOV vs. IBGL - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum IBGL drawdown of -9.37%. Use the drawdown chart below to compare losses from any high point for GGOV and IBGL.
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Drawdown Indicators
| GGOV | IBGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -9.37% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -7.44% | +2.75% |
Current DrawdownCurrent decline from peak | -1.32% | -7.44% | +6.12% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -4.08% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 3.38% | -1.23% |
Volatility
GGOV vs. IBGL - Volatility Comparison
The current volatility for iShares Global Government Bond USD Hedged Active ETF (GGOV) is 0.77%, while iShares iBonds Dec 2055 Term Treasury ETF (IBGL) has a volatility of 2.36%. This indicates that GGOV experiences smaller price fluctuations and is considered to be less risky than IBGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGOV | IBGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 2.36% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 6.51% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 8.86% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 10.36% | -5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 10.36% | -5.27% |
GGOV vs. IBGL - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than IBGL's 0.07% expense ratio.
Dividends
GGOV vs. IBGL - Dividend Comparison
GGOV has not paid dividends to shareholders, while IBGL's dividend yield for the trailing twelve months is around 4.88%.
| Position | TTM | 2025 |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% |
IBGL iShares iBonds Dec 2055 Term Treasury ETF | 4.46% | 3.52% |
Frequently Asked Questions
GGOV and IBGL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBGL has higher volatility (2.36%) compared to GGOV (0.77%). In terms of maximum drawdown, GGOV dropped -4.69% vs IBGL's -9.37%.
On 1-year performance, GGOV leads with -0.54% vs -2.31% for IBGL. On fees, IBGL is cheaper at 0.07% per year. On volatility, GGOV has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GGOV has performed better with a -0.54% return vs -2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGL is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBGL has the higher dividend yield at 4.46%, compared with 0.00% for GGOV.
GGOV is categorized as Global Bonds, while IBGL is Government Bonds. Their fees differ too: 0.39% for GGOV and 0.07% for IBGL.
GGOV currently has the higher Sharpe Ratio (0.01 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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